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1619 Palm Dr Fort Collins, CO 80526
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Key Details
Sold Price $2,725,000
Property Type Single Family Home
Sub Type Income Property
Listing Status Sold
Purchase Type For Sale
Subdivision Elliott Miller Foothills West
MLS Listing ID 977743
Sold Date 01/31/23
Style Ranch
Bedrooms 2
HOA Y/N false
Originating Board IRES MLS
Year Built 1970
Annual Tax Amount $15,120
Lot Size 0.700 Acres
Acres 0.7
Property Description
Amazing opportunity to purchase 3 - Fort Collins 4 plexes just west of CSU. In place 6 CAP and room to increase rents 10% + come August. 9 of the 12 units have been fully updated in 2022 including new kitchens, appliances, bathrooms, doors/trim, LVP floors, paint. All 12 units are 810 SF 2 BR/1 BA units and have brand new windows, concrete patios and walk ways. Several new furnaces, water heaters and AC's! New asphalt parking lot has 24 off street parking spots. Over $600k in renovations!!! Professionally managed. Each 4 plex is separately deeded and qualifies for 1-4 unit financing yet the properties are next door to one another. Leases run through 7/31/23. 3 tenants have been at the property for years and would like to stay.
Location
State CO
County Larimer
Area Fort Collins
Zoning NC
Rooms
Basement None
Interior
Interior Features High Speed Internet
Heating Forced Air
Cooling Central Air
Window Features Window Coverings,Double Pane Windows
Appliance Electric Range/Oven, Dishwasher, Refrigerator
Laundry Washer/Dryer Hookups
Exterior
Utilities Available Natural Gas Available, Electricity Available
Waterfront false
Roof Type Composition
Street Surface Paved
Building
Lot Description Curbs, Sidewalks, Fire Hydrant within 500 Feet
Story 1
Sewer City Sewer
Water City Water, City of Fort Collins
Level or Stories One
Structure Type Wood/Frame,Brick/Brick Veneer
New Construction false
Schools
Elementary Schools Bauder
Middle Schools Blevins
High Schools Rocky Mountain
School District Poudre
Others
Senior Community false
Tax ID R0176427
SqFt Source Assessor
Special Listing Condition Licensed Owner, Private Owner
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Bought with Neuhaus Real Estate Inc
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